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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $145.44
- 3 Days on Market
- MLS # : U8107275
- Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,272 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
This 3 bedroom 2 bathroom home has been updated throughout. All new insulated, impact rated windows were installed 2019. New Roof in 2017. New Air Conditioner in 2018. Upgraded 5 1/4" baseboards throughout. The kitchen has been updated with Shaker cabinets, granite countertops, and stainless steel appliances. Both bathrooms are updated with newer vanities, and tile showers. The home features an oversized master bedroom, and a true 3rd bedroom off of the Florida room. . . No garage conversion here. In fact the garage is oversized, with enough room for a car and storage. The backyard features a screened, covered lanai, and small fenced in area.
SEE MORE
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
PRICE & RENT TRENDS
Neighborhood: Colonial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Colonial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$206 | |
| Property Insurance | -$110 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$42
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$185,000
PROJECTED PRICE
$1,170
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 13.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
7.5
YEARS SAVED
$19,852
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,164
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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5331 Skyland Dr Holiday, FL 2
- 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $1,170
- $0.92
-
3811 Woodcock Dr New Port Richey, FL 1
- 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976
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LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,150
- $0.89
-
3618 Panola Dr New Port Richey, FL 3
- 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970
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LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,195
- $0.88
-
5304 Bob White Dr Holiday, FL 4
- 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972
![property image]()
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,245
- $0.95
-
6051 Halifax Dr New Port Richey, FL 5
- 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1980
![property image]()
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,250
- $0.94
PROPERTY LISTING DETAILS
1.727.804.8467
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8107275
Last Updated: 12/12/2020
